NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 03/07/2018 5:00:15 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names Newest Member of PetroBLOQ Consortium
Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that a subsidiary of State Oil Company of Azerbaijan Republic, SOCAR Energy Ukraine, Ltd., is the newest member of the PetroBLOQ consortium. PetroBLOQ, which is being co-developed with First Bitcoin Capital Corp. (OTC: BITCF), is a blockchain-based oil and gas supply chain management platform based on a distributed ledger technology (“DLT”). The platform delivers an exclusive opportunity for oil and gas industry participants, such as SOCAR, to plan and guide blockchain development research in directions that maximize benefits to the industry. SOCAR will help recognize areas in need of improvement and collaborate on creating solutions to make domestic and international commerce easier, safer and more efficient for oil and gas companies. “We believe implementing blockchain solutions will help bring efficiencies to our industry and are pleased by the reception and support of prominent oil majors and industry partners that recognize these benefits. SOCAR, the second national oil company to join our consortium, will be an invaluable member to our process as we continue developing our platform,” Petroteq CEO Alex Blyumkin stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that a subsidiary of State Oil Company of Azerbaijan Republic, SOCAR Energy Ukraine, Ltd., is the newest member of the PetroBLOQ consortium. PetroBLOQ, which is being co-developed with First Bitcoin Capital Corp. (OTC: BITCF), is a blockchain-based oil and gas supply chain management platform based on a distributed ledger technology (“DLT”). The platform delivers an exclusive opportunity for oil and gas industry participants, such as SOCAR, to plan and guide blockchain development research in directions that maximize benefits to the industry. SOCAR will help recognize areas in need of improvement and collaborate on creating solutions to make domestic and international commerce easier, safer and more efficient for oil and gas companies. “We believe implementing blockchain solutions will help bring efficiencies to our industry and are pleased by the reception and support of prominent oil majors and industry partners that recognize these benefits. SOCAR, the second national oil company to join our consortium, will be an invaluable member to our process as we continue developing our platform,” Petroteq CEO Alex Blyumkin stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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